IPC Healthcare Acquires Accountability Healthcare in Alabama

Published 8:03 AM ET Thu, 14 May 2015
Globe Newswire

NORTH HOLLYWOOD, Calif., May 14, 2015 (GLOBE NEWSWIRE) -- IPC Healthcare, Inc. (Nasdaq:IPCM), a leading national acute hospitalist and post-acute provider organization, announced today that it has acquired Accountability Healthcare, a post-acute care practice group headquartered in Birmingham, Alabama.

Accountability Healthcare's clinicians have extensive experience in caring for local seniors who need long-term care, rehabilitation, assisted living and congregated living facilities, as well as for those seniors living at home.

R. Jeffrey Taylor, president and COO of IPC Healthcare, said, "This acquisition expands IPC's existing Alabama presence to the central and northern regions of the state, enabling us to provide post-acute services throughout Alabama. It also now offers IPC the opportunity to explore partnerships with additional acute care hospitals and payers in the state. Additionally, we are pleased that Ms. Robbin Griffis will be joining the IPC team."

"IPC is uniquely positioned to help us expand our business base in the state of Alabama," said Robbin Griffis, R.N. "By combining forces, we'll be able to improve the connectivity from acute to post-acute care in order to maximize the well-being of patients.

"We also believe the fit of the two organizations is congruent; IPC truly understands both the opportunity and the importance of serving and providing quality care to the post-acute market," Griffis continued. "Plus, our core values are aligned. Knowing that IPC values compassion and collaboration made this a perfect fit for us."

The patient encounters for the practice are estimated at approximately 60,000 on a combined annualized basis.

About IPC Healthcare, Inc.

IPC Healthcare, Inc. (Nasdaq:IPCM) is a leading national acute hospitalist and post-acute provider group practice company. IPC Healthcare's affiliated physicians and other clinical providers practice in over 400 hospitals and 1,700 post-acute care facilities. The Company offers its more than 1,900 employed clinicians comprehensive training, information technology, and management support systems to improve the quality and reduce the cost of patient care in the facilities it serves. For more information, visit the IPC Healthcare website at www.ipchealthcare.com.